VANCOUVER, Dec. 17, 2013 /CNW/ - WesternOne Inc. (TSX: WEQ) (TSX:
WEQ.DB) (TSX: WEQ.DB.B) and (TSX: WEQ.DB.C) today announced that its
Board of Directors has approved a cash dividend of $0.05 per share for
the month of December 2013 (equivalent to $0.60 per share on an
annualized basis). This dividend will be paid on January 15, 2014 to
shareholders of record at the close of business on December 31, 2013.
During November 2013, 28,124 common shares were issued at $5.25 per
share in connection with the conversion of $143,000 principal amount in
8.5% Convertible Unsecured Subordinated Debentures (plus accrued
interest). As at November 29, 2013, WesternOne Inc. had 24,275,784
common shares, $3,562,000 principal amount of 8.5% Convertible
Unsecured Subordinated Debentures, $71,125,000 principal amount of 8%
Convertible Series 2 Unsecured Subordinated Debentures and $51,750,000
principal amount of 6.25% Convertible Series 3 Unsecured Subordinated
The policy of WesternOne Inc. is to pay cash dividends on or about the
15th day of each month to shareholders of record on the last business
day of the preceding month.
About WesternOne Inc.
WesternOne Inc. seeks to acquire and grow businesses in the construction
and infrastructure services sector in order to generate stable and
growing dividends to its shareholders and to achieve capital
Additional information about WesternOne Inc. is available at www.weq.ca or www.sedar.com.
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
SOURCE: WesternOne Inc.
For further information:
Andrew Greig, Manager of Investor Relations
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (604) 678-4042